Assume that asymmetric information exists in the financial markets. If a firms earnings fluctuate every year, everything
Question:
earnings fluctuate every year, everything else being equal, which of the dividend
policies discussed in the chapter should be followed to provide investors with a
perception of the least amount of risk? Explain your answer.
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If investors do not have the same information as the executives who run the company and the compan...View the full answer
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